📈 30 Second Cryptocurrency Price Summary |
Bitcoin price is hovering under $20,000 once again, as the market waits to see if local support will hold the level. |
Top-20 altcoins have taken a mostly taken small hit across the board, as Ethereum drops 1%, BNB falls 4% and Polygon stands out with a 3% rise. |
Top Stories for September 1, 2022 🔥 |
Bitcoin futures trading volume over the month of August has come in at $941.5 billion, the least volume traded since November 2020 in dollar terms. |
On the other hand, trading volume for Ether futures contracts has risen in anticipation of "The Merge" – a monumental transition to proof-of-stake set to occur around halfway through this month. |
Volume on Ether futures has soared above $1 trillion for the first time since May 2021. |
Investment firm Paradigm believes a potential Ethereum hard-fork token will trade at just $18 – or around 1.5% of Ether's price. ETH futures contracts with a September 30 expiry are currently trading at an $18 discount to spot price, which the company attributes to the potential fork. |
Over on BitMEX and Poloniex, however, instruments representing the forked token price are trading at around $47 and $49, respectively. |
Cryptocurrency platform Crypto.com has pulled out of a $495 million deal with the UEFA Champions League, citing regulatory concerns with licenses in the UK, France and Italy. |
The deal would have seen Crypto.com branding within the league for five seasons, at a cost of around $100 million per season. Crypto.com stepped in to replace Gazprom – a Russian state-owned energy firm. |
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